Iron ore drops by more than 3%

IRON ore has fallen to its lowest level since late January, while base metals were also lower overnight as US President Donald Trump signed off on metal tariffs.

Iron ore drops by more than 3% Iron ore drops by more than 3% Iron ore drops by more than 3% Iron ore drops by more than 3% Iron ore drops by more than 3%

“We have to protect and build our steel and aluminium industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military,” Trump tweeted overnight.

The Metal Bulletin 62% iron ore fines price lost 3.7% or US$2.78 overnight to $73.06 per tonne.

The Pilbara Ports Authority reported yesterday that Port Hedland iron ore exports in February totalled 38.5 million tonnes, up 8% on the same time last year.

Dampier throughput dropped by 7% to 13.8Mt.

Among base metals, nickel dropped by 2.4% to $13,213.50/t, about a one-month low.

Lead and copper fell by more than...

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